Zacks: Brokerages Expect NICE Ltd. (NASDAQ:NICE) Will Announce Quarterly Sales of $510.64 Million

Equities research analysts expect NICE Ltd. (NASDAQ:NICEGet Rating) to report $510.64 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for NICE’s earnings, with the lowest sales estimate coming in at $509.90 million and the highest estimate coming in at $512.50 million. NICE posted sales of $456.95 million during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The business is expected to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that NICE will report full-year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.14 billion to $2.16 billion. For the next year, analysts forecast that the firm will report sales of $2.42 billion, with estimates ranging from $2.40 billion to $2.47 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover NICE.

NICE (NASDAQ:NICEGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The technology company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.16). NICE had a net margin of 10.19% and a return on equity of 11.49%. The firm had revenue of $515.50 million for the quarter, compared to analysts’ expectations of $495.66 million. During the same period last year, the firm posted $1.25 EPS. NICE’s revenue was up 17.6% on a year-over-year basis.

A number of research firms have issued reports on NICE. Zacks Investment Research raised NICE from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. StockNews.com initiated coverage on NICE in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Jefferies Financial Group decreased their target price on NICE from $350.00 to $320.00 and set a “buy” rating for the company in a research report on Friday, February 18th. Morgan Stanley decreased their target price on NICE from $315.00 to $260.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 22nd. Finally, Citigroup decreased their target price on NICE from $314.00 to $306.00 in a research report on Friday, February 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $307.13.

A number of hedge funds and other institutional investors have recently made changes to their positions in NICE. Prospera Financial Services Inc acquired a new stake in NICE during the first quarter valued at approximately $36,000. Private Capital Group LLC raised its stake in NICE by 940.0% during the fourth quarter. Private Capital Group LLC now owns 156 shares of the technology company’s stock valued at $47,000 after buying an additional 141 shares in the last quarter. NEXT Financial Group Inc raised its stake in NICE by 110.8% during the fourth quarter. NEXT Financial Group Inc now owns 215 shares of the technology company’s stock valued at $65,000 after buying an additional 113 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in NICE during the fourth quarter valued at approximately $72,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in NICE during the first quarter valued at approximately $73,000. Hedge funds and other institutional investors own 70.48% of the company’s stock.

NICE stock opened at $184.58 on Tuesday. The stock has a 50-day moving average price of $214.30 and a two-hundred day moving average price of $254.45. NICE has a 12-month low of $179.13 and a 12-month high of $319.88. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $11.72 billion, a PE ratio of 63.43, a price-to-earnings-growth ratio of 2.48 and a beta of 0.85.

NICE Company Profile (Get Rating)

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform that supports contact centers ranging from small single sites to distributed remote agents and enterprises; Enlighten, an AI engine for CX that discovers automation opportunities for self-service; digital-entry points solutions that enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connecting them using real time AI-based routing.

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